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1722 W 85Th St, Los Angeles, CA 90047
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1722 W 85Th St Los Angeles, CA 90047

$1,649,000
  • 10 Beds
  • 5 Baths
  • 5,082 Sq.Ft.
For Sale
$1,649,000 Get Pre-Qualified
Map preview of 1722 W 85Th St, Los Angeles, CA 90047

Property Overview: 1722 W 85Th St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 5,082 living square feet and 6,975 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The Stiegler Takahashi Group proudly presents 1722 W 85th St in Los Angeles. This 4-unit apartment complex includes (1) 4-bedroom, 2-bathroom unit and (3) 2-bedroom, 1-bathroom units. The spacious 5,082 sqft building is situated on a 6,975 sqft lot, with washer/dryer hookups in each unit. Two units have been extensively remodeled inside and out, offering potential for market-rate rents. With two vacant units ready for immediate occupancy, this property presents an excellent opportunity for an owner-user to live in one unit and rent out the others, or for an investor seeking a cash-flowing asset to add to their portfolio. Contact us today for more information on this exceptional investment opportunity.

Listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 13 minutes ago | Last updated: May 9th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
6,975
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SB24091163
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,019
  • Total Rent: $3,052
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,320
  • Total Rent: $4,320
  • Pro Forma/Market Rent: $4,320
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,601
  • Total Rent: $1,601
  • Pro Forma/Market Rent: $3,052
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,052
  • Total Rent: $3,052
  • Pro Forma/Market Rent: $3,052
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.58%
  • Gross Rent Multiplier: 12.5
  • Gross Scheduled Income: $131,904
  • Net Operating Income: $91,950
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $33,359
  • Electric: $360
  • Gas/Fuel: $360
  • Trash: $720
  • Insurance: $2,670
  • Water/Sewer: $2,160

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Property Details for 1722 W 85Th St

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 6034030007
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Take 105 E to Prairie. Turn left on Prairie, left on Western, right on 85th St
Neighborhood Information
  • Community Features: Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1722 W 85Th St

Last sold for $1,050,000 on December 26th, 2023

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: SB24091163

    $1,649,000

    Price

  • December, 2023

  • Dec 26, 2023

    Date

    Sold

    CRMLS: SB23197182

    $1,050,000

    Price

  • Oct 24, 2023

    Date

    Active

    CRMLS: SB23197182

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 1722 W 85th St in Los Angeles. This 4-unit apartment complex consists of (1) 3-bedroom 2-bathroom unit, and (3) 2- bedroom 1-bathroom units. This large 5,082 Sqft building is situated on a 6,975 Sqft lot. All units have washer/dryer hookups and are separately metered for utilities. Two of the units will be delivered vacant making this a perfect owner user to live in one of the units and rent the other three out to offset your mortgage. Also perfect for a savvy investor to have an opportunity to immediately update the vacant units to obtain market rents right away.

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Tax History for 1722 W 85Th St

Assessed Value (2020): $156,007
Year Land Value Improved Value Assessed Value
2020 $25,307 $130,700 $156,007

Home Value Compared to the Market

This property vs the competition

1722 W 85Th St is listed 31.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $324.48 per/sqft which puts the price per square foot 58.24% lower than the median price per square foot for the city of Los Angeles.

About 1722 W 85Th St

Detailed summary of property

1722 W 85Th St is a apartment located in Los Angeles, CA 90047 and is currently for sale. This apartment offers 10 bedrooms, 5 bathrooms, roughly 5,082 living square feet, and sits on an approximately 6,975 square foot lot. 1722 W 85Th St was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $1,649,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 31.92% higher than the median priced home. Local competing homes currently for sale include 113 W Century Blvd, 10950 S Main St and 961 W 47th St. While the average home in Los Angeles, CA is selling in 92 days, 1722 W 85Th St has a days on market of 11 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1722 W 85Th St Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1722 W 85Th St

Public county record property details
Beds
9
Baths
4
Year built
1966
Sq. Ft.
5,082
Lot Size
6,974
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
683
APN
6034-030-007

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$760,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$559
Total Inventory
80
Median Sale to List Price %
94.29%
Avg Days on Market
35
Loan Type
Conventional (26.32%), FHA (10.53%), VA (5.26%), Cash (26.32%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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